The Global Smart Shades market is expected to grow from $162 million in 2019 to $1.47
billion in 2024. Of this, $247 million will come from new installations, while $1.22 billion will come
from retrofits and replacements.
- Safety, Comfort, Convenience: Consumers want products that will result in a greater level of safety and comfort – this is where the smart security systems, doorbells, thermostats, and smart shades come in.
- Voice Integrations: Consumers want all of their devices to talk with each other. 1/3rd of US Households have a smart speaker like Google Home or Amazon Alexa.
- Energy Cost: Consumers want to have products that will reduce their energy bills.
- Adoption by Builders: Builders are increasingly adding smart devices as a standard feature in new homes as a way to maximize revenues and provide value to customers.